Yahoo Finance published this video item, entitled “Interest rate outlook: Don’t ‘bet on cuts just yet,’ Rockland Trust SVP says” – below is their description.
Investors chase the narrative that interest rate cuts will be appearing sooner rather than later in 2024, despite Federal Reserve Chair Jerome Powell’s comments underlining the contrary.
Rockland Trust SVP and Director of Research Doug Butler highlights investor sentiment on recent market rallies and Fed commentary.
“I think we could end the year next year at 5,000, up 10% or so from here,” Butler tells Yahoo Finance on his S&P 500 (^GSPC) outlook. “But, my guess is we have some sort of 20 to 30% pullback at some point — by the way, could happen after we hit 5,000 in March…”
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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